ARLINGTON, Texas - The Texas Rangers today announced a series of pricing and in-game initiatives at Rangers Ballpark in Arlington designed to enhance fan experience.

The initiatives have been implemented with the Thursday announcement that Rangers Baseball Express, the investor group led by Chuck Greenberg and Nolan Ryan, has completed its purchase to become the sixth ownership group in Rangers history.

"On behalf of Nolan Ryan and our entire group, I want to say how proud we are to assume the ownership of the Texas Rangers," commented Greenberg, who announced the new initiatives at an afternoon press conference. "This franchise belongs to our fans, and we wanted to show our appreciation for their loyalty and support by implementing these initiatives immediately."

Beginning with tonight's game against Boston and continuing for the remainder of the season, the Rangers will be reducing the cost of parking and selected concession and merchandise items through "Stretch Drive Pricing". Highlights of the program:

PARKING: The price of cash parking will be reduced from $12 to $10. Cash parking will remain $5 on all Verizon Wireless Fireworks Fridays (all Fridays except tonight and September 10).

CONCESSIONS: Sportservice, the concessionaire at Rangers Ballpark in Arlington, will reduce the price of selected items from between 50 cents and two dollars at all concession stands, portable stands, and in-seat vending:

MERCHANDISE: The Rangers new Family Value Retail Program will result in reduced pricing from between one and three dollars on the following items at all Rangers Ballpark gift shops and merchandise stands:

Rangers Adult T-Shirt: Price reduced from $11 to $10

Rangers Youth T-Shirt: Price reduced from $9 to $8

Rangers Adult Adjustable Cap: Price reduced from $12 to $9

Rangers Youth Adjustable Cap: Price reduced from $10 to $8

Rangers Souvenir Baseball: Price Reduced from $6 to $5

Cap Exchange Program: Fans can also receive a 20% discount ($35 to $28) off the regular price of an authentic Rangers blue or red cap by bringing an authentic cap in any condition of any other major league team to the Majestic Grand Slam Gift Shop or any other ballpark retail location that carries authentic Rangers caps.

In addition, additions and enhancements will begin to be made to the game presentation beginning with Friday's game. These will include t-shirts being thrown into the stands on all levels of Rangers Ballpark, adding ball and strike counts to concourse monitors, reinstituting radio play-by-play sound on the concourses, and new elements on the scoreboards, video boards, and in the seating bowl. Fans will be greeted in the parking lots by attendants wearing Rangers "Smiley Faces" t-shirts.

"We are committed to providing the ultimate fan experience, and we welcome the input of our fans on how to do this," said Greenberg. "Today is just the beginning of that process."

Greenberg will be the Managing Partner and CEO of the Rangers while Ryan will continue as President of the club. Ray Davis of Dallas and Bob Simpson of Fort Worth will serve as co-chairmen of the Board of Directors of the 18-person investor group, which received unanimous approval by Major League Baseball's owners as Thursday's quarterly MLB meeting in Minneapolis.

Greenberg and Ryan will participate in a special first pitch ceremony prior to Saturday night's game with the Red Sox.